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on the fiscal cliff. thank you both for being with us. guest: i guess congress is going to come back and see if they can come up with something that will give everyone enough political confidence so we can avoid the tax increases that are scheduled. i'm skeptical that is going to happen and my guess is we're going to go over the cliff.
back early because of the fiscal cliff. dagen: steve, thanks. >> take care, dagen. dennis: our next guest is predicting a santa rally with markets in the green the last week of the year and into early january. the chief investment strategist of raymond james is joining us now. there's a track record on your side about the last week of december. >> that's right, usually the last week and the week before is when the last of the retail selling takes place and there tends to be upside vacuum between christmas and first couple days of the year. 70% probability of being an up shortened week. dennis: you don't see that percentage going down because of the cliff and all that? >> i think your previous guest was right. i lived inside the d.c. beltway. i think they will come together. they won't get a grand solution, but i think they could get the first step of maybe 500,000 as your other guest suggested in terms of the definition of what wealthy is. i think he's also right on boehner. boehner has been under tremendous personal pressure to cut a deal, and when the new congress sits on january
. glad to be here. >> senator, there's a lot of talk about the fiscal cliff shifting to the senate. that's where a solution should be worked on. what have you been heard from your leadership on that? >> well, i think that everyone is going back to the drawing boards. i had hoped that we would be able to take speaker boehner's plan b and work on that with the democrats, and then maybe come to terms before we broke for christmas. to make sure the tax increases that would occur at the end of the year won't -- and something that hasn't talked too much is it would make permanent the child tax credit, the marriage penalty relief, the amt relief, things that middle-class families need to continue. all of that will go you have if we don't do something by the end of the year. >> are you hearing from leadership it will be taken up, something does need to cobble together? >> i know our leader are trying. >>> what about vice president biden, you worked with him for 15 years. he and biden worked very well together in the fiscal negotiations last time. should you bring in biden into the conversation h
, nice to see you. thank you. >> thank you. >>> are retail sales diving off the fiscal cliff? we'll talk about how the tax cut debate is impacting the recent christmas shopping economy. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? when you lost the thing you can't believe you lost.. when what you just bought, just broke. or when you have a little trouble a long way from home... as an american express cardmember you can expect some help. but what you might not expect, is you can get all this with a prepaid card. spends like cash. feels like membership. >>> senator mike crapo is apologizing for his drunk driving arrest. he said, quoetd, i'm deeply sorry for the actions that resulted in this circumstance. i made a mistake for which i apologize to my fa
, thank you for coming on tonight. speak always my pleasure, thank you.l gerri: it is fiscal cliff season and christmas season but also oscar season with some of the mostd critically acclaimed fils of the year and moviegoers flocked to the best of the best. and some films few actually go to even of a star for the upggest hollywood. those stars make up the top five most overpaid actors. number five, jack black. i love jackst black.late his latest film earned only $7 million. for every dollar he was paid his film returned only about $5. not good enough, sorry. number four, sandra bullock. her film sent her oscar-winningc role in "the blind side" have all been flopped at the box office.n. number three, reese witherspoon. apparently she makes bad decisions about which films she does.la her last two including the unheard-of film "the means war" all bombed. for every dollar she is paid to film returned less than $4. number two, emmy winner catherine hagel. her first film was her huge success, but her last movie "one for the money" only earned $37 million, it costs $40 million to make. and numb
on the fiscal cliff i'm joined by deputy political editor domminco. let's talk about what are the opings left on the table as we look at the narrow window that's left to get us to 2013 and what could get done. >> well, i think ultimately you've got a small deal, a big deal, or going over the cliff. there is some movement towards getting a small deal done. you hear that from congressman ellison. senate airdz on both sides tell me that that's possible. the 250,000 a year tax cut plus unemployment things and it maybe can kick the can down the road. that will have consequences for the president's agenda in the next year because he wants to get immigration reform done. he wants to get a lot of other things done that really get pushed down the road if fiscal stiff is still weighing on him. >> which side has negotiated in good faith more? the political reporting we've heard is that the president is still at the table. he is saying let's get something done. john boehner is at the table saying he wants to get something done, but -- i think the white house says how is he going to pass plan a or somethi
you. >> you got it. >> the fiscal cliff reportedly weighing on shoppers this holiday season. consumer confidence in december hitting a five-month loaf, bloomberg reporting that online stales increased by a little more than 8% this holiday season compared with 16% this time last year. joining us now with what a the fiscal cliff means for consumers, you listened to what hampton was telling us as well, we still have some big days ahead of us in shopping. are we really going to see the sort of negative or shall we say not an increase from last year, that 8% versus 16% as we're just showing. >> on that 8 versus 16 it's 8% over a much, much higher base than the 16 was. you are going to have an slowdown of online sales. we're all shopping online. the other thing about this is of course people are worried about the fiscal cliff because that's the only thing what we're talking about on air. i don't mean to say this is a media for a washington story, i just mean it's a story that has engendered a hume of -- it may be that we've so gamed out that negative reaction that come january 1 people will
to reach a deal, the impact is as unlikely as immediate as the term "fiscal cliff" seems to imply. the expiration of the tax cuts with a $2200 average tax high. the payroll tax cut would also expire meaning another $40 a paycheck and long-term unemployment benefits would end for 2 million americans. while these elements could have a recession-inducing effect, they could undo those measures shortly after the first of the year. estimations are if we do go over the cliff it would be the third quarter which the recession may hit. when be look at the issue of a -- the markets, however, may feel the brunt of the fiscal cliff fallout. the dow fell on friday after the deal failed the night before. last week fitch warned it may downgrade the u.s. credit rating if congress cannot reach a deal. some lawmakers are angling for the best political outcountry. >> when i listen to the president, i think he's eager to go over the cliff for political purposes. he gets all this additional tax revenue for new programs, gets to cut the military which democrats have been calling for for years, and he ge
sector. and hoping to catch more of the housing uprise. but with the fiscal cliff looming, i was wondering if you would advise more defenseless strategy like consumer staples or something going into the new year. >> what i was thinking i told a friend of mine today conagra reported an amazing number. that's the kind of thing i would think about. nice yield. good growth. i think that's the best idea. why don't we go to brooks in ohio. brooks was here. brooks? >> caller: my question is about abbott, the split, how's it going down and which side are you on? >> good news today. the split will be included in the s&p which is why it was up. abbott is going higher. that's why my travel trust owns it. things seem dysfunctional in washington but even now it's better to be a buyer than a seller if you know where to look. "mad money" will be right back. >> announcer: coming up, the world is overflowing with information and tibco helps make sense of ones and zeros. while the market is up nice for the year, its stock is now down big. does today's turn to the green mean it's time to logon
weapons. >> glor: margaret brennan, thank you. there are eight days now until fhe fiscal cliff of big tax increases for most americans. and across-the-board spending cuts in the federal budget. even with congress adjourned and president obama out of town, erme lawmakers today talked about a last minute deal. >> my own belief is what we ought to do is take speaker boehner's last offer, the president's last offer, split the difference. that would be a package of about $2.6 trillion. you couple that with the 1.1 trillion already done. that would be close to the $4 trillion we need to stabilize the debt and begin to bring it down. >> i would vote for revenues, including tax rate hikes even ugh ih i don't like them, to get a-- to save the country from becoming greece, tax rate hikes are part of the solution driven by the president. but he's going to get tax rate hikes. ratey republican colleagues, if we can protect 99% of the american public from a tax hike that is not a tax increase in my books. >> glor: with christmas just two nuys away last minute gift buyers are out. today shopper track sa
. alina. >> barbara starr, thank you. >> hope is fading fast this morning for a fiscal cliff compromise. eight days left until we go off the edge. with the president and congress on holiday hiatus, things looking bleak. listen to joe liberman on yesterday's "state of the union." >> i think it's more likely we will go over the cliff than not, and if we allow that to happen, it will be the most colossal consequential act of congressional irresponsibility in a long time, maybe ever in american history. >> white house correspondent brianna keilar is traveling with the president and joins us live from honolulu, hawaii, this morning. i'm talking to republican and democratic sources and they really feel like we're going to go over the cliff. what are you hearing? >> i'm hearing it's a very real possibility, and as you're hearing, they aren't even really talking, democrats and reyou public i had cans, the white house talks to senate democrats, but at this point, the white house is not in any real substan tiff conversations with both house republicans and senate republicans as all eyes turn to t
. >> thank you, audrey. >>> between this and the fiscal cliff debates there is a lot to talk about in politics tonight. we're bringing in as always fox 5 political analyst mark plotkin. good to see you tonight. >> good to be here. >> let's start where audrey left off, the nra's wayne lapierre called senator feinstein's proposals a phoney bit of legislation built on lies and said it won't pass. why? >> i think there's an entirely different climate. i think wayne lapierre is out of touch with public mood. you just ran claim of senator mark warner, a rating nra who is obviously rethinking his position. senator manchin of west virginia, a proud nra member, has said that there has to be fundamental change and so i think you have people who were really advocates of leaving the gun control measures alone have now shifted and i think there is going to be legislation. the only problem is you mention the dianne feinstein is that in the past people have that had assault weapons before the ban were grandfathered in. so they're going to have to look that the. >> there seems to be this -- look a
. gerri: next, many homeowners rushing to rush and to dump their property ahead of the fiscal cliff. dolly will join us after the break and dreaming of a white christmas and then there is this. coming up, how mother nature is putting a damper on things the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone likes 50% more... [ midwestern/chicago accent ] cheddar! yeah! 50 percent more [yodeling] yodel-ay-ee-oo. 50% more flash. [ southern accent ] 50 percent more taters. that's where tots come from. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. 50% more spy stuff. what's in your wallet? this car is too small. means the world to me. and one of the most important things any parent can do is make sure their kids get active at least 60 minutes each day. studies show that physical activity not only helps kids stay healthy, it can enhance important skills, like concentration and problem solving, which ca
to you. >> they certainly have. rick santelli, thank you. the fiscal cliff talks also weighing on the energy markets. let's go to bertha coombs at the nymex. >> we are seeing a little bit of a pullback here when it comes to brent futures, and also across the board pretty much in energy today. not what you would necessarily expect with the weaker dollar. the concern, of course, is that if we do go over that fiscal cliff, no deal by the end of the year. that we will see some recessionary pressures here in the first quarter. at least that's what the congressional budget office is talking about. nat gas is feeling the pressure after a strong rally over the last couple of days. we're getting profit taking there. ironically, it comes after the commitment of traders report from the cftc saying we saw the biggest increase in terms of net long positions in nymex futures. gold holding steady. not necessarily being the big safe haven play. but it is among the strongest performers in the metals complex. we are seeing some strength in po laid yum and platinum. that according to rbc because
the fiscal cliff, democrats and republicans have left the capitol for their respective homes. for the majority of the country, that means we are essentially going over the cliff. president obama is in hawaii for christmas with his family b. before he left, he urged congress to adopt a stopgap measure to prevent taxes from rising on people who make less than $250,000 a year. he also asked for a plan to keep providing benefits to unemployed workers. house speaker john boehner is home in cincinnati. he failed to get members of his own party to support his plan b proposal to end the crisis. he said the stalemate and failure of plan b rests with the democrats. >> what the president has offered so far simply won't do anything to solve our spending problems and begin to address our nation's crippling debt. instead he wants more spending and more tax hikes that will hurt our economy. and he refuses to challenge the members of his matter to deal honestly with the entitlement reform and the big issues that are facing our nation. that's why we find ourselves here today. >> president oba
about it. we have concerns of other social safety net as our congress is on the fiscal cliff and we're all bracing for hopefully good things to happen, as they've been happening in our world class city. so, i want to again thank salvation army for helping us be the world class city that we are, giving ourselves the world class heart that we always have. so, happy thanksgiving, everybody, and let's get to these nude turkeys. [laughter] (applause) >> thank you very much, mr. mayor. and thank you so much for being here. you can carve while i do some more talking here. if you'll pay attention to the marvelous things they're doing with the turkey carving. we have 6,000 pounds of turkey here, believe it or not, 1400 pounds of green beans, 1600 pounds of yams. it's been cooking for 4-1/2 days around the clock back in that lovely little kitchen of ours. and all that work did not disrupt the usual activities, 360 meals, 400 sandwiches for homeless people. they're still baking the brownies cakes and cookies. 300 delivery routes, 500 volunteers, 6100 meals to seniors and shut-ins. the meal, ro
the fiscal cliff. no official talks are scheduled and lawmakers have left d.c. for the holiday break. president obama is in hawaii but may return early to resume negotiations. taxes for all americans will go up if a deal is not reached by january 1st. the main sticking points are tax hikes and spending cuts. >>> we are learning more about the dui arrest of a u.s. senator. mike crawl crapo was pulled over in alexandria. an officer said he saw him run a red light. police say he registered a blood alcohol level of .11. the legal limit in virginia is .08. the senator was released on bond about four hours later. the senator released a statement sunday saying i am deeply sorry. i made a mistake for which i apologize to my family, my idaho constituents and any others who have put their trust in me. he is due in court january 4th. >>> heading home for the holidays. nasty weather out west makes the journey longer for some people. we will take a look at mother nature. ♪ because we know how much you do to make the holidays just right. from ornaments to ottomans, memories are made with ikea. >
on the fiscal cliff deadline on december 31st. retiring senator joe lieberman puts the potential failure in historic perspective. >> i feel it's more likely we will go over the cliff than not, and if we allow that to happen, it will be the most colossal, consequential act of congressional irresponsibility in a long time, maybe ever in american history. >> when i listen to the president, i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at the bottom of the cliff. he gets all this additional tax revenue for new programs. he gets to cut the military, which democrats have been calling for for years, and he gets to blame republicans for it. >> so, hey, merry christmas. our white house correspondent brianna keilar is traveling with the president in honolulu. brianna, are the white house and republicans even talking? >> reporter: no. they're not, carol. there's no substantive discussions going on between the white house and senate democrats and senate republicans and house republicans. and this is key because in order for the cliff
much. lawmakers speaking out on this sunday about the looming fiscal cliff, at this moment the negotiations appear to be at a stand still, but we keep players in this on christmas break of course. and serious questions on whether compromise can be reached at all. as you probably know now, no deal would make a crippling amount of tax hikes and spending that could send us back into recession, you've heard that over and over. steve, at this point what are the chances that a grand bargain can still be struck? >> well, harris, it's possible, but getting less likely because it just really isn't a lot of time left. house speaker john boehner will be back next year and for now, he's thrown the ball into the democrats court and some republicans are saying the president isn't really trying to avoid that fiscal cliff. >> when i listen to the president, i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at the bottom of the cliff. he gets all of this additional tax revenue for new programs and gets to cut the military which d
headlines. investor showing little cheer on christmas eve. fiscal cliff walls dominated today's shortened trading session. fiscal cliff deadlocked given another jolt to the so-called fear index. it has been a tough year for yobbo shareholders. they upgraded its target to $26 a share. yahoo! shares up more than 1.5%. it is the last day, actually, we have several hours left to run to the mall to get gifts. maybe you are a bargain shopper waiting to get a good deal. braving the christmas crowd at the glendale galleria in glendale, california. how packed is the mall? >> i have to tell you, either a lot of people pushed it to the wire this year or they are just here for the great sales. either way, retailers are counting on procrastinators. here at the galleria, i am told they are seeing a record number of shoppers. there is no lack of shoppers here today on christmas eve. discounts are so great they just cannot stay away. crowds over the weekend have been hitting the walls all across california and the west coast. stores are staying open later. they are extending their hours. they are slashin
. >> okay, alexandra steele, thanks very much. >>> from fiscal cliff to crime and punishment, we'll show you our top ten stories of 2012 next. >>> you know me as carl. hey, mom. stationed in germany. shoutout to all my family in trentth, new jers trenton, new jersey. i miss you all, i love you all. if you missed it, it's your fault. i did my part. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. >>> here is the mug shot after crapo's arrest in a washington, d.c. suburb. he's a mormon and
the fiscal cliff. here is what it is. extend the bush tax cuts for people making less than $250,000. extend unemployment benefits for the 2 million people who will run out next month and delay the sequester of $110 billion in spending cuts next year. for all of the talk of $4 trillion in debt reduction this plan would only save $800 billion over ten years. senator conrad is that the best that washington can do over the next nine days and can you pass even that? >> look, chris, it may come to that but we can do better. and we should do better. this is an opportunity to do something that would be hugely important for the country. i mean my own belief is what we ought to do is take speaker boehner's last offer, the president's last offer, split the difference. that would be a package of about $2.6 trillion. you couple that with the $1.1 trillion that has already been done and that would be close to the $4 trillion we are needed to stablize the debt and to begin to bring it down and then if you wanted to add on the alternative minimum tax which costs about $800 billion to fix you could offset t
for that. >>> it is 5:17 now. >>> a bleak outlook for avoiding the fiscal cliff. with the new year approaching washington's failure to reach a compromise is affect americans' confidence. taxes will go up on january 1st if they don't reach a deal. >> i've asked leaders of congress to work toward -- it protects unemployment insurance for 2 million americans, and laze the groundwork for further work on both growth and deficit reduction. >> the president's solution of raising tax rates would still be ready as far as the eye can see and hurt jobs. >> president obama said he will cut his hawaiian vacation short to hammer out a deal with congress with the deadline a short week away. >>> 5:18 now. >>> the nra is adamant about its idea of placing armed guards in the nation's schools. >> this comes as diane fine stein promises to introduce new gun control legislation in the new year. the head of the nra put the game on violent video games and problems with the mental health system insisting another assault weapons ban is not the answer. >> it doesn't work. diane fine stein had her ban, and c
you both very much for your time. i appreciate it. the fiscal cliff talks, cabinet changes, what will define president obama's agenda at the first of the year? president obama's agenda at the first of the year? and my round tablehey sis, it's so great to see you. you, too! oh, cloudy glasses. you didn't have to come over! actually, honey, i think i did... oh? you did? whoa, ladies, easy. hi. cascade kitchen counselor. we can help avoid this with cascade complete pacs. see, over time, cascade complete pacs fight film buildup two times better than finish quantum. to help leave glasses sparkling shiny! too bad it doesn't work on windows. okay, i'm outta here. cascade. the clear choice. >>> nobody gets a hundred percent of what they want. everybody's got to give a little bit in a sensible way. we move forward together or we don't move forward at all. so as we leave town for a few days to be with our families for the holidays, i hope it gives everybody some perspective. >> that was the president of course. we're back with our roundtable. joining me congress jason chaffetz of utah, for
for your time. i appreciate it. the fiscal cliff talks, cabinet changes, what will define president obama's agenda at the first of the year? and has this last week done damage to john boehner and the republican party? and my round table will join me, representative jason chaffetz, harold ford, jr., andrea mitchell and chuck todd. back in a moment. >>> nobody gets a hundred percent of what they want. everybody's got to give a little bit in a sensible way. we move forward together or we don't move forward at all. so as we leave town for a few days to be with our families for the holidays, i hope it gives everybody some perspective. >> that was the president of course. we're back with our roundtable. joining me congress jason chaffetz of utah, former democratic congressman of tennessee, harold ford, jr., chuck todd and nbc correspondent andrea mitchell. welcome to all of you. all right, chuck. we'll talk about guns in a minute. let's talk about the fiscal cliff. are we going to get a deal here? >> we're going to get a small deal. it's a shame. you wonder is the only thing that could change t
anything. this fiscal cliff doesn't solve our long-term debt propses. lou: breaking with the practice and policies of washington over the course of the past 50 years. stephen hayes, thank you very much. judith miller, thank you very much. john fund, thank you. time for a few quick comments. ken wrote us to say, correct me if i'm wrong, wasn't it the obama administration that released thousands of guns into the hands of criminals? now they want to talk gun control for law-abiding citizens? that was just "fast and furious." mike tweeted us about benghazi and the report, always blame the dead guys. they did. thanks for being with us. has t. >> wall street is very concerned. no doubt the average folks at home who have been cutting back more inclined to hang onto their wallets. they don't know what will happen. thank you congress. thank you mr. president. >> it is charities' season. makes us feel good to give. that is why there is a concert for storm victims. a bit greedy businesses ted turner did not like that idea. >> there is nothing more to say list. >> good by. >> now there are new wa
, thank you. we'll talk to you later. at half past the hour we'll check out the view of the fiscal cliff from hawaii. brianna keilar is traveling with the president. she's going to join us live. that's 25 minutes from now. >>> u.s. senator michael crapo s says he's deeply sorry for driving under the influence of alcohol. the republican who is also a mormon was pulled over, tested and arrested after running a red light early yesterday morning in virginia. he says he made a mistake and deal with whatever penalty he is given. >>> the u.s. navy seals are again mourning the loss of one of their own. a military official tells cnn that commander job price died of a self-inflicted gunshot wound. price was a commander officer of seal team 4, that's the unit with more than two dozen members that operates in central afghanistan. the official says there's no indication at this point that price was under any investigation or involved in any controversies. >>> former republican senator chuck hagel has not been nominated as defense secretary, but members of his own party already signaling an uphill con
is asking santa for a fiscal cliff feel. both sides come back to work on thursday. peter barnes is in washington. how likely that we get a deal done? peter: the speaker and the president have not spoken since friday. right now, all eyes are on the senate. the president proposed a limited patch that would a void the cliff after speaker boehner scuffled his plan be. staff discussions continue between the administration and the hill. we have not heard of any breakthroughs at this point. democrats extended tax breaks for families taking under $250,000. that would cost $157. it also approved taxing $92 billion. mitch mcconnell is critical to hammer out a deal in the senate because he can filibuster anything. his spokesman said "nothing new to report. we do not know yet what senator reed plans to bring to the senate for a vote." >> if you want leaders, then, you have to lead. the president has been a pathetic leader. i would vote for revenues, including tax rate hikes even though i do not like them to save the country from becoming greece. i will not set aside the $1.2 trillion in cut
a thims up umbs up f. >> alexander, thank you. she's focused on the fiscal cliff while many are worried about a year-end sell-off which i think you've argued is already happening a bit. >> definitely. >> so where are we? >> in the last couple of weeks, muni yields have risen. it's start to go change. but what happens is that the latest round of the proposals not only had this 28% deduction, but it would be retroactive. so all mini bonds outstanding, which would be a sacred cow that you would never touch. throwing the market into real turmoil. >> and so what's your sense right now, in terms of what's on the table, what's not on the table? >> exactly. if there were a table right now, i think people are probably getting away from the idea that there would be this retroactive taxation, essentially. but it still is very, very likely that that 28% cap on deductions will include municipal bonds. >> and joe asked the right question off camera. this is setting up a right fight between the states and federal government. >> yes. we would prefer to sell tax exempt funds when we preferred not to hav
on the markets. futures are down a little bit. a lot of concerns about the fiscal cliff. we mentioned earlier, also concerns about this potential strike that could affect ports all over the northeast and in the gulf as well. so you've got ports in houston, got ports in newark, a lot of commodities moving in and out and this could be a lousy way to start the new year. as we do hear the opening. [bell ringing] . there's no movement as of yet, but expecting slow trading and the market goes down and we'll wait and see how exactly it shakes out. nicole, there's already some trouble over the new blackberry ten that has some rim investors concerned. tell us what that is. >> well, this one is concerning investors late last week, we saw the stock drop over 20% last week, on friday, and now we're seeing much of the same. the down arrow continues here for research in motion. the question, it's not bad enough that they face intense computation in this case, but in this case they're talking about the service fees they charge the wireless carriers and generate about a third of their revenue. how these encr
on the fiscal cliff deal. besides being the leader of catholic church, pope benedict xvi is challenged author. it challenges part of the traditional nativity scene. we look another faith and facts surrounding the first christmas. ♪ ♪ >> reporter: pope benedict xvi dons the scholar hat in the latest booth. book, exploring the christmas story as event in history. >> gospel story of jesus is historical. pope distinguishes that. symbolic approach. like when augustus is emperor of rome he situates this at specific time. it's unlike mythic language like once upon a time. or "star wars" long, long ago in galaxy far,f away. >> he was a prolific author before becoming pope. but this book had an initial printing of unprecedented million copies in nine languages and hitting bookstores in 50 countrys. >> he takes a study of the iconic images. animals in the manger. neither one of the two gospels that contain the birth narrative matthew and luke mentions them present. >> he points out in the gospel story itself you don't find reference. but later they appeared. >> the pope writes that jesus was born e
also lower. a brief trading dye could be the driving force is the fiscal cliff just seven days away. light volume and bigger swings on all wall street with not much progress on congress because of the holiday. >> we will be back with more. thank you for waking up with us. take a look at the eighth norad santa tracker .... hey, look! a shooting star! make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. >> welcome back. the megayacht that steve jobs commissioned in the final years of his life has been impounded in amsterdam after a payment dispute involving the designer. the venus, a 137 million- dollar, 260-foot-long yacht, made its unofficial debut in late october. it's currently stuck in the
and as maria will remind you there is still no deal to avoid the fiscal cliff. so what is an investor to do with their money right now? >> let's bring in our guests and our own bob pisani. good to see you guys. thanks for joining us. kevin, what is your take in terms of investing into year end and going into 2013? >> i just think you have to be realistic about the fiscal cliff issue. we don't know what the magnitude of the damage is going to be to gdp next year but what we do know is that the current track run in terms of fiscal sustainability just isn't right. we can't run trillion dollar deficits for a year and expect to get away with that long term. so i think there is a trade-off here in terms of some penalty to growth next year. longer term there are benefits though and going into the year i think you just have to have maybe a little cash in the portfolio but be looking to put money to work in companies that are going to survive, good balance sheets and consistent profitability. stocks are cheap relative to bonds so i don't want to get too defensive here. >> you were with us at the top
, thank you. >>> here in washington, hope is fading for a deal before the country reaches the fiscal cliff just eight days from now and we are counting really by the hour at this point until we go over the edge. congress and the president are not here. they have stopped trying for now. home from the holidays and not that optimistic about a christmas miracle. listen to retiring senator joe liberman on "state of the union." >> i feel it's more likely we will go over the cliff than not, and that -- if we allow that to happen, it will be the most colossal consequential act of congressional irresponsibility in a long time. maybe ever, in american history. >> are white house correspondent prix anna kebrianna keilar is traveling with the president and joins us from hawaii. >> they can still talk, right? true. but the people who matter are not. perhaps the lines of xhoukz are open between the white house and senate democrats. but the white house at this point is not in discussion with not only speaker john boehner but the senate minority leader, mitch mcconnell and perhaps because of that, you hav
, barbara. appreciate it. >>> both sides on the fiscal cliff debate finally agree on something. unfortunately, they agree that going over the fiscal cliff is now a real possibility. you got the democrats, the white house republicans. they all say it is possible they're not going to reach a deal to avoid the massive tax increases and spending cuts that will take place in just eight days brianna keeler is in honolulu. i'm not going to tease you about hawaii being a junket, because i know it's hard work and you're doing something. >> thank you. >> absolutely. i'm a little jealous of the water and backdrop and sand. never mind. i won't hate here. tell us, are there any conversations that are going on between the president, the republicans, the democrats, anybody to aavoid the fiscal cliff? >> reporter: well, this is what may be alarming to learn, suzanne. obviously, the white house is always in concert with senate democrats. there's always an open line of communication there, but there are really no substantive discussions going on with the white house and senate democrats with rep
. >> rick: could going over the fiscal cliff be a victory for the president in what does donald trump thing. faith under fire. military crew in west point asked to stop praying. can prayer really be banned. ♪ ♪ my wife takes centrum silver. i've been on the fence about it. then i read an article about a study that looked at the long term health benefits of taking multivitamins. they used centrum silver for the study... so i guess my wife was right. [ male announcer ] centrum. always your most complete. >> gretchen: welcome back to "fox and friends" on christmas eve. prayer is a tradition in west point for over 200 years. americans united for operation of church and state calling for a ban on all prayers in the military academy. they should be able to train without having religion forced on them. joining me with reaction is executive director for the dr. ron cruise who is a retired army chaplain. good morning to you, sir. >> thank you for having me. >> gretchen: we see a situation in west point. one cadet who was an athiest felt uncomfortable with taking part in involuntary prayer, your
-called fiscal cliff, new report that is the president has a back-up plan. we are live in hawaii next on what that might look like. gregg: and mother nature throwing a huge wrench into the holiday travel rush. the latest check on the weather conditions and travel delays next. heather: can one of the survivors of the sandy hook elementary school shooting tragedy speaks out. how the school principal and two other school employees saved her life. >> the three of them were shot, and they yelled back, shooter, stay put. they saved my life and the life of four others who were at that meeting. gregg: another fox news alert. this new development in the fight over the fiscal crisis as lawmakers head home for the holidays. there are reports president obama is scaling back his hope for a sweeping budget bargain with republicans. welcome to a brand new hour of "america live". i'm gregg jarrett. heather: i'm heather childers. we're in for megyn kelly. the president reportedly looking to strike a smaller deal that would extend tax cuts for the middle class without tackling spending cuts as reports surfaced
, willie. >> merry christmas to you. eight days until the fiscal cliff arrives and by the time congress gets back it's four or five days. is there any he hope remaining at this point for the so-called grand bargain? >> i don't think there will be a grand bargain before the end of the year. there's he hope a deal will be cut before new year's to avert the fiscal cliff by extending tax cuts temporarily or tax cuts from people under $250,000 of income. i spoke this morning to a republican member of congress who said, we still can come back next week, and we can still do it, although, you know, mara was talking in her piece about shoppers who think they get a better deal the longer they wait. it's a worse deal for the republican party having waited this long, having gotten beaten on the plan b that speaker boehner was trying to do. the terms are getting worse for republicans, not better. >> a lot of people watching this will say if congress couldn't reach a grand bargain with a self-imposed deadline, this so-called fiscal cliff, when will they ever get together and do something big? is ther
is running out to avert the fiscal cliff of tax increases in domestic programs cuts in january. some members of congress are concerned that a deal can't be reached. >> we are going to go over the cliff now because that is what the president wants. you cannot negotiate with someone who does not want to negotiate. >> president obama is and why you right now and will be cutting his vacation short. we will see the taxes go up if we do go over the fiscal cliff. palin a nurses' strike thousands of nurses walked off the job today at nine bay area hospitals. nurses with a center helps halt the bay summit medical center are asking for a negotiated labor contracts and improvement in patient care protections. such as staffing levels, a health benefits, and sick days. strikers a hospital officials want to reduce the number of paid sick days for nurses and technicians while maintaining health care coverage for those who work fewer than 30 hours a week. >> we're looking at power outages this morning all across the bay area. here's a look at the numbers. in the north bay 1075 people are without power. on t
. >> reporter: meanwhile some senators are suggesting the only option now to avoid a fiscal cliff is a scaled-back deal to stop tax increases for most americans. we just hear heard heard ed elude to that. we are joined my jaime. what happens if the president and congress fail to reach an agreement on averting this so-called fiscal cliff? >> well, we go over it. you know, maybe the analogy of fiscal cliff that everyone is using might not be perfect because that doesn't end everything. there will be negotiations afterwards. in fact republicans who think that we are going overlook to the debt ceiling hike that will have to happen some time in the beginning of next year, perhaps at the end of january, or early february, at the point where negotiations will really pick up again, because they'll have some leverage there. there are reports out that some agencies, the defense department, that are facing these cuts as a result of the fiscal cliff are planning already ahead knowing that there will be negotiations afterwards if no deal is reached, and believing that some type of remedy will occur. they
fiscal cliff. here is "the new york times" frontpage. the headline -- that is "the new york times" reporting. inside the paper, they say democratic leaders say they will move forward on legislation this week only a senator mitch mcconnell of kentucky, the republican leader, will assure them it will not be filibustered -- investors anticipate a turbulent week in the market of congress and the white house continued the standout. i also note that mr. mcconnell's own reelection bid is coming in 2014. the borrower review of the nothing to shift the anger of some self assessment of the speaker does nothing to pass it does go to the floor. the bill is not moving along, says bob corker from tennessee. here is what the republican from idaho had to say about the fiscal cliff negotiation. [video clip] >> if we get down to the end of the year and the only choice we have is to save taxes going up on the middle-class, i would support that. but i wish we had a comprehensive bill that dealt with spending, entitlement, and taxes altogether. that is really what we ought to do. host: that was senato
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